String Metaverse Board Approves 2:9 Bonus Issue; Promoters Waive Participation

String Metaverse Ltd's Board has approved a 2:9 bonus equity share issue, where two equity shares will be issued for every nine held. Uniquely, the promoter and promoter group have voluntarily waived their entitlement, meaning the bonus shares are intended exclusively for eligible public shareholders. This strategic move aims to support alignment with Minimum Public Shareholding (MPS) requirements of 25% and reflects an emphasis on shareholder inclusivity and broad-based value creation. Managing Director Ganesh Meenavalli stated it reinforces a long-term vision of inclusive ownership and transparent governance. The company will announce the record date and detailed terms upon receiving necessary approvals.